A Purpose Trust a (“PT”) is established under Jersey law for a purpose e.g. the ownership of a Jersey company which conducts a particular activity service. This could be the employment of
certain overseas personnel.
A PT does not have Beneficiaries, but there is an Enforcer who is responsible for ensuring the Trustees carry out the Purpose.
ADVANTAGES
A PT permits the establishment of an independent, non group structure.
CREATION
AST can assist in the establishment and the provision of Trustees for a PT.
TAXATION
Except in connection with Jersey residents or Jersey source income, other than bank interest, PTs are not taxed in Jersey.
